- Most grateful to the kind reader for providing the information I was looking for in the earlier post on AAPL/CFDs. I have more questions on trading costs.
- Have pulled up buy and sell CFD tickets in the attached screenshots, for a nominal trade value apx US$45,000.
- BUY : US$20 per ticket + US$4.04 per day interest charge for funding. Is that correct?
- SELL : US$20 per ticket + US$3.03 interest + US$1.29 borrowing cost per day. Correct?
- If I am short a CFD, should Saxo not be paying me interest instead of charging me?
- Addendum : 2nd screenshot = clarification from Saxo. Can't say I agree with the Libor-2.5% on shorts = pay interest (since US rates near zero) for shorting though.
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| Clarification from Saxo |
